American International Group, Inc. Announces Quarterly Dividend of $0.45 (NYSE:AIG)

Key Points

• American International Group, Inc. announced a quarterly dividend of $0.45 per share, payable on September 30th to shareholders of record on September 16th, representing a yield of 2.3%.
• The company reported $1.81 EPS for the latest quarter, exceeding analysts' expectations of $1.66, and has a dividend payout ratio indicating a sustainable dividend policy.
• AIG stock was up 0.8% to $79.07, with a market cap of $45.57 billion and a consensus forecast of $6.24 earnings per share for the current fiscal year.

American International Group, Inc. (NYSE:AIG - Get Free Report) announced a quarterly dividend on Wednesday, August 6th, RTT News reports. Shareholders of record on Tuesday, September 16th will be paid a dividend of 0.45 per share by the insurance provider on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 2.3%.

American International Group has a dividend payout ratio of 23.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect American International Group to earn $7.63 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 23.6%.

American International Group Stock Up 0.8%

AIG stock traded up $0.63 during midday trading on Wednesday, reaching $79.07. 4,235,061 shares of the company's stock traded hands, compared to its average volume of 4,584,583. The company has a market cap of $45.57 billion, a price-to-earnings ratio of -29.73, a P/E/G ratio of 0.86 and a beta of 0.63. The firm's fifty day moving average price is $82.78 and its 200-day moving average price is $81.14. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.21. American International Group has a 52 week low of $69.24 and a 52 week high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.66 by $0.15. American International Group had a negative net margin of 7.05% and a positive return on equity of 7.13%. As a group, sell-side analysts forecast that American International Group will post 6.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American International Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its stake in American International Group by 175.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider's stock valued at $15,807,000 after acquiring an additional 115,706 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in American International Group by 2.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,625 shares of the insurance provider's stock valued at $1,445,000 after acquiring an additional 355 shares during the period. IFP Advisors Inc raised its stake in American International Group by 34.9% in the 1st quarter. IFP Advisors Inc now owns 2,882 shares of the insurance provider's stock valued at $251,000 after acquiring an additional 745 shares during the period. GAMMA Investing LLC raised its stake in American International Group by 18.6% in the 1st quarter. GAMMA Investing LLC now owns 13,187 shares of the insurance provider's stock valued at $1,146,000 after acquiring an additional 2,069 shares during the period. Finally, Brighton Jones LLC bought a new stake in American International Group in the 4th quarter valued at about $1,091,000. 90.60% of the stock is currently owned by institutional investors.

About American International Group

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance.

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